Acrylic Acid Market

Acrylic acid is produced predominantly via the two-stage oxidation of propylene. Approximately 5% of propylene is consumed in the production of acrylic acid. Acrylic acid is available in two grades: technical grade and glacial grade.

The market is witnessing growth due to rising demand for end-use applications. Moreover, the rapid expansion of different end-use applications for acrylic acid drives market growth. Untapped economies also offer huge growth potential. However, health hazards and environmental concerns associated with acrylic acid are major factors inhibiting market growth.

Purpose of the Report

The purpose of this strategic research study titled “Global Acrylic Acid Market” is to provide company executives, industry investors, and industry participants with in-depth insights to make informed strategic decisions regarding the global acrylic acid market opportunities.

Target Audience

• Industry investors
• Raw material suppliers
• Distributors
• Manufacturers
• Retailers

By Applications – Acrylic Acid

Based on applications, the acrylic acid market is classified into acrylates, SAPs, and others. The acrylates include surface coating, adhesives, resin modifiers, and others. The SAP includes baby diapers, adult incontinence, feminine hygiene, and others. The other markets include polymer modifiers, inks, water treatment, and paper processing, among others.The market was dominated by acrylates applications, but growth is projected to be the fastest from the SAPs applications. Its wide range of use supports a growth rate marginally higher than GDP.

Acrylic acid is a commonly used chemical intermediate and is considered a valuable chemical commodity due to its use in a broad range of applications. The most extensively recognized process for producing acrylic acid is the vapor phase oxidation of propylene. This is generally done as a standard process, including a series of two reactors utilizing two separate catalysts. In this procedure, the first reactor converts the propylene into acrolein, whereas the second reactor completes the conversion of acrolein to acrylic acid. Instead of utilizing this common production method, this design project specifies a one-reactor system using a molten salt heat transfer medium to relieve the system of the heat of the reaction produced. When executed properly, the parabolic temperature circulation should affect roughly 90% conversion of propylene.

The overall market is witnessing growth due to rising demand from end-use applications such as construction, paints and coatings, adhesives, and sealants. In addition, the rapidly increasing application of superabsorbent polymers (SAP) is another major factor triggering market growth. Imbalance in the supply chain and environmental concerns are some of the major factors inhibiting the growth of the market. However, a shift in focus on developing bio-based acrylic acid and high growth potential from untapped regions offers huge market demand.The Asia Pacific is the largest market for acrylic acid in terms of volume and revenue; It is projected to maintain its dominance over the coming few years. The rise in demand for baby diapers and infrastructure development supported by rising purchasing power are major contributors to market growth. Expanding applications of superabsorbent polymers are projected to trigger market demand for acrylic acid in North America and European regions. Moreover, the demand for adult diapers due to the growing aging population contributes to market growth. Untapped economies such as the Middle East, Eastern Europe, Latin America, and Africa offer growth potential.

Cargill and Novozymes are developing a technology that could produce acrylic acid from 3-hydroxy propionic acid using sugar as the feedstock. Engineered microorganisms ferment the sugar to make 3-hydroxy propionic acid. This project has received funding from the US Department of Energy with technology of USD 1.5 million. This project was expected to be viable by 2013.Arkema and Jurong chemical, leaders of acrylic acid in China, entered the joint venture, Sunke.

In this venture, Arkema has a majority interest and consists of two acrylic acid lines, each amounting to 160,000, located on the Taixing site in China. With the first stage closing, Arkema has access to half of the site’s installed production. This strategy will help the company to meet the rising demand of its customer in the Asia region. It will support the growing markets such as paints, superabsorbents, adhesives, and water treatment.

Based on geography, the global acrylic acid market is segmented into the following regions

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

The Asia Pacific is the largest market globally and is projected to grow at the highest rate in revenue and volume from 2015 to 2022. North America is the second largest market, followed by Europe. In addition, untapped economies such as the Middle East, South East Asia, Latin America, and Eastern Europe offer huge market potential.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points

Chapter 2 Executive Summary
2.1 Market Snapshot: Global acrylic Acid Market

Chapter 3 Introduction
3.1 Introduction
3.2 Classification
3.3 Drivers
3.4 Restraints
3.5 Opportunities
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition

Chapter 4 Global Acrylic Acid Market, Application Analysis
4.1 Global acrylic Acid Market, by application type
4.2 Acrylates
4.2.1 Global demand of acrylates from surface coating applications, 2014 – 2022, (USD Billion), (Million Tons)
4.2.2 Global demand of acrylates from adhesives applications, 2014 – 2022, (USD Billion), (Million Tons)
4.2.3 Global demand of acrylates from resin modifiers applications, 2014 – 2022, (USD Billion), (Million Tons)
4.2.4 Global demand of acrylates from others applications, 2014 – 2022, (USD Billion), (Million Tons)
4.3 Superabsorbent Polymers (SAP’s)
4.3.1 Global demand of superabsorbent polymers from baby diaper applications, 2014 – 2022, (USD Billion), (Million Tons)
4.3.2 Global demand of superabsorbent polymers from adult incontinence applications, 2014 – 2022, (USD Billion), (Million Tons)
4.3.3 Global demand of superabsorbent polymers from feminine hygiene applications, 2014 – 2022, (USD Billion), (Million Tons)
4.3.4 Global demand of superabsorbent polymers from others applications, 2014 – 2022, (USD Billion), (Million Tons)
4.4 Others
4.4.1 Global demand of acrylic acid from others applications, 2014 – 2022, (USD Billion), (Million Tons)

Chapter 5 Global Acrylic Acid Market, Regional Analysis
5.1 Global Acrylic Acid Market, regional analysis, (2014 & 2022)
5.2 North America
5.2.1 US Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.2.2 Canada Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.2.3 Mexico Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3 Europe
5.3.1 Germany Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.2 France Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.3 UK Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.4 Italy Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.5 Russia Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.3.6 Rest of Europe Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4 Asia Pacific
5.4.1 Japan Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.2 China Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.3 India Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.4 Australia Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.4.5 Rest of Asia Pacific Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.5 RoW
5.5.1 Brazil Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
5.5.2 Rest of RoW Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)

Chapter 6 Competitive Analysis
6.1 Arkema SA
6.2 BASF SE
6.3 The DOW Chemical Company
6.4 Evonik Industries
6.5 Galactic S.A
6.6 Mitsubishi Chemical Holdings Corp
6.7 Nippon Shokubai Co. Ltd
6.8 Sasol Ltd
6.9 The Lubrizol Corporation
6.10 SIBUR

List of Figures

FIG. 1 Global Acrylic acid : Market Segmentation
FIG. 2 Global Acrylic Acid Market, by application type
FIG. 3 Acrylates
FIG. 4 Global demand of acrylates from surface coating applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 5 Global demand of acrylates from adhesives applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 6 Global demand of acrylates from resin modifiers applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 7 Global demand of acrylates from others applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 8 Superabsorbent Polymers (SAP’s)
FIG. 9 Global demand of superabsorbent polymers from baby diaper applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 10 Global demand of superabsorbent polymers from adult incontinence applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 11 Global demand of superabsorbent polymers from feminine hygiene applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 12 Global demand of superabsorbent polymers from others applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 13 Others
FIG. 14 Global demand of acrylic acid from others applications, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 15 U.S. Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 16 Canada Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 17 Mexico Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 18 Germany Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 19 France Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 20 UK Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 21 Italy Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 22 Russia Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 23 Rest of Europe Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 24 Japan Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 25 China Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 26 India Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 27 Australia Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 28 Rest of Asia Pacific Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 29 Brazil Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)
FIG. 30 Rest of RoW Acrylic Acid Market, 2014 – 2022, (USD Billion), (Million Tons)

List of Tables

TABLE 1 Market Snapshot: Global Acrylic Acid Market
TABLE 2 North America Acrylic Acid Market, Strategic Snapshot
TABLE 3 North America Acrylic Acid market volume by region, 2014-2022, (Million Ton)
TABLE 4 North America Acrylic Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 5 North America Acrylic Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 6 North America Acrylic Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 7 Europe Acrylic Acid Market, Strategic Snapshot
TABLE 8 Europe Acrylic Acid market volume by region, 2014-2022, (Million Ton)
TABLE 9 Europe Acrylic Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 10 Europe Acrylic Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 11 Europe Acrylic Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 12 Asia Pacific Acrylic Acid Market, Strategic Snapshot
TABLE 13 Asia Pacific Acrylic Acid market volume by region, 2014-2022, (Million Ton)
TABLE 14 Asia Pacific Acrylic Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 15 Asia Pacific Acrylic Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 16 Asia Pacific Acrylic Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 17 RoW Acrylic Acid Market, Strategic Snapshot
TABLE 18 RoW Acrylic Acid market volume by region, 2014-2022, (Million Ton)
TABLE 19 RoW Acrylic Acid market revenue by region, 2014-2022, (USD Billion)
TABLE 20 RoW Acrylic Acid market volume by application type, 2014-2022, (Million Tons)
TABLE 21 RoW Acrylic Acid market revenue by application type, 2014-2022, (USD Billion)
TABLE 22 Competitive Analysis